The Double Butterfly Spread is an advanced butterfly spread that uses a combination of two butterfly spreads in order to create peak profit across two different strike prices. A normal butterfly spread is capable of peak profit only when the price of the underlying asset closes exactly on the middle strike price. However, if the price of the underlying asset is expected to close at either one of two prices, you can put two seperate butterfly spreads targetting each price together to create a Double Butterfly Spread in order to maximise profit no matter which price it hits with very little capital commitment.

Double Butterfly Spread - Classification

When To Use Double Butterfly Spread?

One could use a Double Butterfly Spread when one expects the price of the underlying stock to close exactly at either one of two different strike prices by expiration.

How To Use Double Butterfly Spread?

A Double Butterfly Spread is simply putting on two seperate butterfly spreads with middle strike prices on two different strike prices. This creates a position with two peak profits on two strike prices. While a butterfly spread is used for targetting a single strike price, Double Butterfly Spreads target two different strike prices to increase the chances of peak profitability and are useful when the price of the underlying asset is expected to hit one of two prices due to factors such as a potential take-over.

Double Butterfly Spreads are usually used when the targetted prices are more than one strike apart. If the targetted prices are two consecutive strike prices, a Condor Spread could be used instead with almost the same profitability and incurring a lot lesser commissions due to fewer trades making up the position. However, if the targetted prices are more than one strike apart, using a condor spread would yield a lot lesser maximum profit due to the fact that it is also maintaining peak profit potential in between the two targetted strike prices.

As such, the Double Butterfly Spread is a huge six legged options position with three legs forming each butterfly spread. It can also be constructed using only call options (known as a Call Double Butterfly Spread) or put options (known as a Put Double Butterfly Spread) or even a combination of both with one Call Butterfly Spread pairing up with a Put Butterfly Spread. The outcome and capital outlay of all three configurations should not be very different when put call parity is not severely broken.

Welcome to the official website of Nick Leeson the original Rogue Trader whose unchecked risk-taking caused the biggest financial scandal of the 20th century.

The collapse of Barings personal bank to HM The Queen in 1995 and Nick Leeson's role in it, is one of the most spectacular debacles in modern financial history. How could one trader bring down the banking empire that had funded the Napoleonic Wars?

Curiosity, intrigue and sympathy have been the various reactions to this man's incredible life story. Following Barings' collapse, Nick Leeson was sentenced to six and half years in a gang-ridden Singaporean jail, in conditions that defy belief, while at the same time, his wife left him and he was diagnosed with colon cancer.

Against all odds, Nick Leeson survived and now fully recovered from cancer, lives happily in Ireland with second wife Leona and three children. In 2006 Nick was appointed CEO of Galway United FC. Having stepped down as CEO in January 2011, Nick Leeson continues to be in-demand around the world for conference and after-dinner speaking.

Analysing Nick Leesons trading strategy in the market

There are three futures market which was occupied in Leeson's trading activities. There are Futures on the Japanese Nikkei 255 stock index, futures on 10 year Japanese Government bonds (JGB futures) and Euroyen futures. These products are traded and alike design on SIMEX and on a Japanese exchange. Leeson's main assignment was to arbitrage between SIMEX and the exchange in Japan and try to capitalize on low price differences between the futures contracts. Leeson was taking huge uncertain positions, financing SIMEX margin requirements by selling options and borrowing huge amounts of money from Barings's head office in London. By the end of February 1995, the losses had become too large and Barings bank went bankrupt.

Base on our research, the doubling strategies are potentially high risk from a systemic point of view which was Mr Leeson using it. The most important attribute of doubling strategies is that the inevitable and devastating loss is proceeding by a period if high return with low volatility. This doubling strategy was taking high risk.

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On July 1992, Barings Futures Singapore started trading on the Singapore International Monetary Exchange (SIMEX). Mr. Leeson was putting in charge of operations for Barings futures Singapore, with responsibilities for both trading and the accounting and settlements activities. Barings Futures Singapore believed that was unnecessary to segregate these functions because Leeson and his staff would merely execute orders placed by other Baring Group companies on behalf of their external clients (SR 3.1,5.15). Later in 1992 this situation is changed, because many of Japanese institutional investors had set up their own execution capability in Singapore. We know that BSJ traders ask Leeson to execute Nikkei Futures trades on SIMEX (SR 2.11) and the trading volume handled by Leeson was increased time by time in early 1993. Besides, Leeson was involved in executing proprietary trades as well as trades for the external clients of the Barings Group.

Leeson would play a major role for example arbitrage trading if the Nikkei futures contract between SIMEX and the OSE (Osaka Securities Exchange). We know there are existed larger price difference between the two contracts that were similar in design. The profit from exploiting like price differences between exchanges are small and therefore trading volumes tend to be large but the risk still low. Leeson also developed lucrative activity and name it as switching. When the Barings able to trade in Japan as well as in Singapore, it could select the cheapest market to execute a client's order. For the result, these activities was that the Structured Products Group, which includes Leeson's activities. showed an operating profit over 1994 which was five times what had been planned for that year.

On July 3 1992, only two days after Barings was granted membership by SIMEX, Leeson opened Account 88888 and that same day, the first transaction was booked in this account ( SR 3.13). On BFS's (Barings Futures Singapore) system, this account described as an error account. It is common for traders to set up such an account for the purpose of netting minor mistakes but the net position should be closed each day and net value of gain and losses incurred in negating the position should be recorded as part of unit's daily profit (Leeson,1996, p38-39). During the first month of its existence, a huge number of transactions were booked in Account 88888, which present according to the Singapore report (SR3.13) that it could never have been intended to serve uniquely as an error account. In fact, Leeson gave definitely instructions around July 8, 1992, to change the software to exclude Account 88888 from all market activity reports and the information was one and only used for the estimation of SIMEX's margin. In other words, the steps taken by Leeson in the first days of responsibility for activities of BFS, were to ensure that his actions would not be transparent.

During 1993, the focus of Leeson's unauthorized speculative positions in Account 88888 was the generation of profits in the normal trading accounts of BSL, and BSJ for the client or proprietary traders. This enabled Leeson to achieve a reputation as a star trader on SIMEX and enhanced his intrafirm executive standing. However, by the end of 1993 the cumulative losses in Account 88888 were over A?4 billion (about US$35.8 million) which made the situation much more intricacy. Leeson's main problem became the management of the flow of funds to support the margin calls from SIMEX.

An important way to plan the funding was by manipulating the trading and accounting records. This was done in a number of ways. First, some transaction booked in Account 88888 was initially booked in the accounts of BSJ and BSL. If these situations had been correctly reported to BSJ and BSL, it would have been clear that risk limits had been exceeded since such transactions were not hedged. However, Leeson would execute offsetting trades about thirty seconds before market close. Nick Leeson trying place transactions from BSL or BSJ accounts into Account 88888. This called transfer trade, Leeson avoided reveal of unhedged position in the reports to BSJ and BSL ( SR3.21). The price of these transfer trades were later adjusted to favor BSL or BSJ, at the expense of Account 88888,in order to confirm his reputation as an exceptional trader. A second way to handle the records was to record fictitious trades between the account of BSL and BSJ and Account 88888 in the BFS daily list of transactions, when no transfer trades had been executed. The effect was that unhedged condition were transferred from BSJ or BSL accounts to Account 88888, so that no unhedged condition were reported at the end of the day (SR 3.31). At last, Leeson often instructed his settlements staff to record fictitious trades in the accounting system. These fictitious trades reversed at the opening of market on the following day. The aim was to reduce end-of-day open positions in Nikkei and JGB futures in BFS's accounting records and consequently in the SIMEX computer system. This practice effectively decreased margin calls from SIMEX (SR3.37)

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Nick Leesons strategy to earn trading profits on derivatives?

Originally, trader Nick Leeson was supposed to be exploiting low-risk arbitrage opportunities that would leverage price differences in similar equity derivatives on the Singapore Money Exchange (SIMEX) and the Osaka Exchange. In fact, he made up a strategy to earn trading profits on derivatives where he would have to take much riskier positions by buying and selling different amounts of the contracts on the two exchanges or buying and selling contracts of different types. Leeson was speculating wildly and completely without authorization, in massive amounts on movements in the Japanese stock and bond markets.

Leeson's trading activities mainly involved three futures markets: Futures on the Japanese Nikkei 225 stock index, futures on 10-year Japanese Government bonds (JGB futures) and European futures. Leeson executed a trading strategy known as a straddle, with the objective of making a profit by selling put and call options on the same underlying financial instrument, in this case, the Nikkei 225 Index. Most of his trading was a bet on the volatility of the Tokyo stock and bond markets. In his futures positions, he was betting that the Tokyo stock market would rise and the bond market would fall. He was long Nikkei 225 futures, short Japanese government bond futures, and short both put and call options on the Nikkei Index. He was betting that the Nikkei index would rise, but he was wrong; instead it fell, causing him to lose $1.39 billion.

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A straddle will generally produce positive earnings when markets are stable but can result in large losses if markets are volatile. He planned his strategy taking into consideration the Japanese futures market as in Japan the margin is posted on a net basis for all costumers and if there are customers who are in short position, firm can take long position without any need to pay the call margin. He utilized this opportunity through his bogus error account 88888 and companies account 99002.

What went wrong that caused his strategy to fail?

Leeson's strategy failed because he was taking into consideration that the market had

experienced an extended bull run throughout the late 1980's and after that, it had fallen to

half of its 1989 high. He thought that it had fallen enough and from now it would

only go up, and he continued to bet that it would rise; but the Nikkei 225 index only kept falling. Leeson further increased the size of his open positions even as his losses increased due to volatility in the markets. He did nothing to hedge his position to lay off his potential losses if the markets did move the wrong way. In effect, Leeson was accepting unlimited liability.

The second thing that was that he was relying on the bank interest rate; that it would decrease but eventually the exact opposite happened and the interest rate increased to a high. He thought if that the interest rates were low at the moment and if they were going to rise they would hurt him as more of the investors would move towards safe earning through the high interest rate returns, making the investment into market to reduce and hence to make himself on the safer side he invested into government bonds futures.

Nick Leeson's doubling strategy failed because he increased the size of his open positions even as his losses increased due to volatility in the markets and kept doubling his contracts whilst the Nikkei 225 continue to plummet following an earthquake in Japan. However, Leeson's unauthorized trading positions suffered huge losses, and his operation unraveled. Moreover, interest rates did not rise as he expected which lead to further losses incurred on the Japanese government bond futures. He left the behind with huge liabilities totaling $1.4 billion, leading to the bankruptcy to the one of the oldest bank in Britain.

Nick Leeson established a bogus error account (88888) even when a legitimate account (99002) already existed, in order to conceal his unauthorized trading activities. Initially he claimed that he opened the error account (88888) to conceal a single loss of 20,000 pounds sterling that had resulted from an accounting error until he could make up the difference through trading. However, he continued booking various losses into the error account (88888) as a holding area for any premiums or losses that he made and also continued to increase his volume of trading and level of risk taking. It was a loophole he exploited to set up bogus accounts for non-existent clients to mask mounting debts.

While the legitimate error account was known to Barings Securities in London, the bogus account was not. However, the bogus account was known to SIMEX as a customer account, not as an error account. In this way, Leeson could hide his balances and losses from London - but not Singapore. One the other hand, SIMEX thought the bogus error account, 88888, was a legitimate customer account rather than a proprietary Barings account. The account enabled Leeson to take advantage of the rules of Japanese Futures market at that time. In Japan margin was posted on net basis for all customers. Therefore if many customers were short index futures, the firm could take long position without having to post cash margins.

Why did Barings and its auditors not discover that the error account was used by Leeson for unauthorized trading?

The reason why Barings and its auditors did not discover Leeson's unauthorized trading and fraudulent activities was mostly a lack of internal checks and balances, and because Leeson was hiding in Barings' organized chaos. Leeson was also given power due to his knowledge and there was no inquiry done into his trading just because he reported a profit to the company. Barings' was impressed by Leeson's achievements which lead them not to disclose to SIMEX that he infact had been disqualified from taking the UK trader's exam (Broady, Roland, Woods, 2008).

Welcome to ONLINETRADINGASSISTANT. The company name we use is Perfect-2-Perfect and I am Ronald L. Derr, the owner and operator of this business and our website address at onlinetradingassistant. At Perfect-2-Perfect we offer a unique and proven approach to selling your items and possibly achieving the best results given current market conditions. As a Licensed and bonded trading assistant, we service Williamsport, Pennsylvania in North Central Pennsylvania, Lycoming County, and the surrounding areas of Union, Northumberland, and Clinton Counties. We have sold over 10,000 items on line and much more at local estate sales in the area. If you have suffered a loss, or just downsizing, we can host an estate sale or tag sale at your house or move your items to another location for sale, if we have room available for doing so. We also utilize online auction services such as eBay and others which will provide your item(s) world wide markets for a very reasonable price. Our company has over 10 years of experience selling our own and with other peoples property. References are always available upon request.

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Note that the following explanations of these specifics presume that options are being used to trade their underlying market.

Long or Short

With non options markets (e. g. futures, individual stocks, etc.), there is only one way to enter a long trade, and only one way to enter a short trade, but with options there are two ways to enter a long trade, and two ways to enter a short trade. A long underlying trade can be entered either by buying a call or by selling a put, and a short underlying trade can be entered either by buying a put or by selling a call.

When options are being traded short term, the end result is the same (i. e. the desired trade on the underlying market), so it does not really matter which version is used.

Call or Put

Whether to use a call option or a put option is related to the choice of whether to make a long options trade or a short options trade. Most traders associate calls with the price of the unerlying market moving up, and puts with the price of the underlying market moving down, so it may be easier to trade calls for long underlying trades and puts for short underlying trades.

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In this case, a long trade would be entered by buying a call option, and a short trade would be entered by buying (not selling) a put option.

In, At, or Out of the Money

Options prices (i. e. the cost of the options) consist of the premium (i. e. the fee for the option) and the intrinsic value (i. e. the current amount of profit). In the money options have intrinsics value, while at and out of the money options do not have intrinsic value (because they are not in profit). Short term options trades should use options that are in the money because their profit and loss is more likely to move in concert with the underlying market. Long options trades (which can be used for either long or short underlying trades) can use options that are slightly or significantly in the money (i. e. slightly or significantly in profit). Short options trades (which can also be used for both long and short underlying trades) should use options that are in the money by at least the expected target, so that there is enough intrinsic value (i. e. profit) to exit the trade before the options price becomes only premium.

Example Short Term Options Trade

As an example, if the Dow Jones stock index was at 7000, a long underlying trade on the Dow Jones stock index could be made using Dow Jones stock index options. The trade would be entered by buying a call option with a strike price at or below 7000 (i. e. at or in the money). If the Dow Jones stock index moved up, the price of the call option would increase (as it moved further in the money), and if the Dow Jones stock index moved down, the price of the call option would decrease (as it moved closer to be at the money). The trade would be exited by selling the call option, either at a higher price for a profitable trade, or at a lower price for a unprofitable trade.

If none of the above makes any sense to you, my options and warrants articles include all of the basic information that you need to understand and start trading (either short term or long term) options and warrants.

1. Minimum concessions apply: Online $8; if traded with a Fidelity representative, $19.95. For U. S. Treasuries traded with a Fidelity representative, $19.95 per trade. Fixed income trading requires a Fidelity brokerage account with a minimum opening balance of $2,500. Rates are for U. S. Dollar-denominated bonds, additional fees and minimums apply for non-Dollar bond trades. Other conditions may apply. See Fidelity/commissions for details.

2. Fidelity commissioned Corporate Insight to study bond pricing, available online, for self-directed retail investors from five comparable brokers that offer corporate and municipal bonds. The study compared online bond prices for over 6,000 unique municipal and corporate CUSIPs and 10,000 bond offerings of the same CUSIPs from March 25 -28, 2013. It compared online municipal and corporate CUSIPs offered in quantities of at least $10,000 face or par value. The study did not analyze offerings with a minimum purchase requirement of greater than $20,000 face or par value. The study found on average that the three competitors that did not disclose their markup schedules were asking $15.47 more per bond, taking into account all concessions and markups. Corporate Insight determined the average cost differential by calculating the difference between the costs of matching corporate and municipal bond inventory at Fidelity vs. the markup-based firms in the study, then averaging the differences across all of the competitor firms. Hypothetical cost savings of over $500 is based on an average size order of $40,000 face or par value bonds and average cost differential of $15 per bond. Additional information available at fidelity/about-fidelity/individual-investing/fidelitys-message-retail-bond-investors

3. For the purposes of FDIC insurance coverage limits, all depository assets of the accountholder at the institution that issued the CD will generally be counted toward the aggregate limit (usually $250,000) for each applicable category of account. FDIC insurance does not cover market losses. All of the new issue brokered CDs Fidelity offers are FDIC insured. In some cases, CDs may be purchased on the secondary market at a price that reflects a premium to their principal value. This premium is ineligible for FDIC insurance. For details on FDIC insurance limits, see fdic. gov.

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.

ACM Gold, Africa’s leading forex broker is looking for a skilled, enthusiastic CFD trading instructor to educate customers on the art. and science of forex trading . The candidate will play a central role in helping our customers achieve trading success. Responsibilities: Develop.

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Most online forex sites don't charge an out-right commission for trades, however their gains are hidden in the difference between the bid and ask prices – what is called 'Bid/Ask Spread' or 'Market Spread'. The best online forex sites offer a 2 pips spread which is considered in the industry to be very good (Pip is the smallest price increment in the last digit in the rate).

The 'pips spread' is where forex sites make their profits, and this is where you, the trader, are paying them for their services.

To make things even more complicated, each currency pair can have its own spread – with major currency pairs usually getting a better spread than the less popular currencies. Many online forex brokers offer a 2 pip spread for popular currency pairs like EUR/USD, USD/JPY, EUR/JPY, but their spreads for other currency pairings can be 3 pips or more.

If you are trading mostly the major currencies, you can easily compare the spreads offered by the brokers, however if you wish to trade in less obvious currencies, where some players have earned huge jackpots in the past due to their higher volatility, you will have a very hard time trying to find the online forex site with the best spread on offer.

Is a 2 pips spread so important?

The difference between a 3 pip spread and a 2 pip spread may sound minor at first, but experienced traders know that it can have a huge effect on their profits, and can even make the difference between earning big money on a trade, and just breaking even, depending on the size of the trade of course.

Dividend capture is an attempt to earn more than the standard four dividend payments per year.

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The dividend capture stock market strategy attempts to buy high-yield stocks to collect the dividend and then sell the shares as soon as possible so the capital can be used to buy another dividend-paying stock. Several issues can derail the strategy, including holding periods for tax issues and sharing price drops that can negate the dividend earnings. Trading with a specific pair of stocks to generate dividend income can offset some of the capture strategy problems.

Dividend Capture Considerations

A corporation will issue a declaration of each dividend to be paid with the amount, a record date and a payment date. A stock goes ex-dividend two business days before the record date, and a trader must own shares before they go ex-dividend to receive the payment. On the ex-dividend date, the share price drops by the amount of the dividend, preventing a one or two-day turnaround trade to collect the dividend. In addition, the tax rules also require a 61-day holding period for a distribution to qualify for the significantly lower tax rate imposed on the dividends paid by most corporations.

Long Only Dividend Pairs

In stock trading, a long position comes from buying shares to hold in your account. You can pairs trade for dividends by selecting two stocks with spaced out ex-dividend dates. The two companies should be in the same industry sector so that the share prices closely track each other. Work out a schedule so that by selling one and buying the other on the same day between the ex-dividend dates, you break the year into six 61-day holding periods, allowing you to collect six quarterly dividends during the year. If the yields on the two stocks are similar, you will increase your dividend income by 50 percent compared to a buy-and-hold strategy with one of the stocks.

Long Short Pairs Trading Strategy

With a long-short pairs trade, one stock is purchased while the other is sold short. This trade profits from relative value changes of the share prices and is not affected by the overall direction of the stock market. With dividend stocks, the yields should be significantly different with the higher yield on the long side of the trade and the lower yield as the sold short shares. Since you must pay the dividend on the shorted shares, the dividend capture yield will be the difference between the two stock yields. This strategy allows a trader to capture dividend yield with a very low exposure to potential share price changes, in either direction.

A standard forex account has specific lots and pip units. A lot is the minimum quantity of a security that may be traded, while a pip is the smallest amount by which a currency quote can change. Typically, one lot is worth $100,000 and a pip unit is stated in the amount of $0.0001 for U. S.-dollar related currency pairs. This is the most common pip unit and it is used for almost all currency pairs. Pip value is the effect that a one-pip change has on a dollar amount. It is important to note that pip value does not vary based on the amount of leverage used, but rather that the amount of leverage you have affects the pip value.

Leverage is the amount of money you are able to spend as a result of borrowing investment capital. Basically, the more leveraged you are, the riskier your position - a decrease of a few pips could mean losing all of the money in your account. For example, with a standard lot size of $100,000, pip value is $10 ($100,000 x 0.0001). If your account contains $10,000 and you have a leverage of 150:1, then you will have $1.5 million ($10,000 x 150) or 15 lots ($15,000,000/$100,000) that you can use for investing. It would be extremely risky to use the entire $1.5 million that you have available because each pip is worth $150 and you could clean out your account just by losing 67 pips ($10,000/150). Although there is large downside risk to having high leverage, there is also a large upside gain - if you were to make 67 pips instead, your account value would double, and you would rake in 100% returns in one day!

Increasing your leverage increases the volatility of your position because small changes in pip value will result in larger fluctuations in your account value.

For further reading, see Getting Started In Forex , A Primer On The Forex Market . Common Questions About Currency Trading and Using Currency Correlations To Your Advantage .

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It is volatility that is ultimately responsible for a traders profits, since if a market does not move, then there is no way to make money from it. It’s therefore vitally important to recognise those times when volatility is picking up as this offers the best opportunities to make trades.

As traders, we know that volatility often peaks at certain times, for example when the European and US sessions crossover. However, it would be even better if there was an indicator that could show changes in volatility more scientifically, and the Chaikin volatility indicator aims to do just that.

Chaikin Volatility

Developed by Marc Chaikin, the Chaikin volatility indicator depicts volatility by calculating the difference between the high and low for each period or trading bar. It measures the difference between two moving averages of a volume-weighted accumulation distribution line .

It therefore differs from the simple Average True Range (ATR) indicator in that it does not account for gaps.

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This aspect is good for short term traders; gaps often occur overnight and can cause peaks in volatility to be downplayed.

The Chaikin indicator, however, shows precisely when the market starts to move. It’s default settings are left at 10,10.

The Chaikin in action

The great thing about the Chaikin indicator is that it often peaks at around the same time every single day. This means that is the perfect tool for helping to time your trades.

Take a look at the below chart for GBPUSD and you can see what I mean. The Chaikin indicator dips in the early morning Asian session before climbing higher as Europe and the US open for business. In fact, the indicator peaks between 14:00 and 16:00 GMT every day in the chart.

What this means is that the Chaikin provides a great guide as to when to enter and close a position. As you can see, when the Chaikin is below 0, there is nothing much going on in the market. It’s during these times that you should refrain from trading and wait for the Chaikin to tell you when things are hotting up. Chaikin is thus excellent for restricting the propensity to overtrade.

Once the Chaikin starts to move past 0, you can enter a trade, perhaps using another moving average crossover or pivot level as your guide. If you get a strong signal and the Chaikin has moved past 0 then it is a great chance to enter your trade.

Once the Chaikin peaks, you know that you can start to think about closing your trade. You also know that this will be between 14:00 and 16:00 GMT every day. Which makes sense, because European markets close around 16:30 GMT.

It is this regularity that can make the Chaikin indicator an essential tool for those who make 1-2 forex trades a day.

Typically, we can assume that only a handful of winning positions are going to generate the majority of your profits. There are certain lucrative trades that are naturally going to be home runs, and you should ride these for as long as possible. At the same time, you want to ensure an appropriate level of discipline in your decision making, preventing you from lingering unnecessarily in a losing position. To ensure the very best exit strategy. you can manage your trailing stops point by point, according to the level of technical support garnered by your position.

Levels of Support

A tight stop would be used with solid support, perhaps a two-point trailing stop, which could be loosened if your position continues to remain profitable over a longer period.

Support and resistance lines are your key indicators and any widely-available technical charting software allows you to plot (and refine) both these lines on any security's chart. Both support and resistance should be viewed, not in terms of finite points on the chart, but in terms of ranges of values.

If your security has declined sufficiently to reach a level somewhere within your range of support, you are probably well served to adopt a looser trailing stop as significant strength may very well be evident in your position. By contrast, once your position is entering your zone of resistance, you would be well served to tighten your stops as much as is practical.

Considering Volume

Trading on the basis of support and resistance levels naturally must incorporate volume, because any security will only break through its level of support and resistance if sufficient volume is attached to it. Light volume may cause support or resistance trends only to pause while sufficient volume will cause such trends to reverse.

Indeed, the concepts of support and resistance are based on reversals, where a trend will reverse on its upper end when it reaches resistance; and the trend will reverse on its bottom when it hits its range of support.

The Psychology of Support and Resistance

Support and resistance levels exist only by virtue of traders' and investors' memories of their experiences with trading a given security at certain levels in the past. Investors will be more inclined to lend their support at the same level at which a large crowd of investors once purchased the stock. Traders tend to have the expectation that a stock will rise again from the same level as it did in the past. Even if those traders did not hold the security in a previous session, they will still look to history to be their guide, examining prior examples of session bottoms and levels of support.

You should also note that particular zones of support or resistance are expected to shift to their opposite once their zones have been breached. For example, a strong zone of resistance, once breached, becomes a psychological victory for traders and quickly turns into a zone of support for the ensuing trend as traders continue to celebrate the victorious breakout. By contrast, once a zone of support is destroyed, the psychological deflation is all too real, as the chart stubbornly refuses to touch this zone again in the near future.

The psychology of support and resistance corresponds to the vicious emotions of pain and regret. Traders holding losing positions feel pain and, looking for the first available opportunity to lessen their pain, abandon their positions. Traders who missed a good opportunity tend to feel regret and look to trends from the past to find new opportunities to make up for missed chances in the past.

Even in a flat market, these emotions can be prevalent. Traders may practice buying at the lower edge of a range and shorting at the upper edge. In uptrends, bears who engage in short selling will naturally feel pain, and bulls will experience regret that they did not buy more. Both will be eager to buy, if and when the market gives them a second chance, which will create support during investors' reactions in an uptrend.

Resistance indicates bulls feeling pain, bears feeling regret and both camps ready and waiting to sell. A downward breakout from a trading range will cause pain to bulls who bought, and will make them eager to sell during the first market rally so that they can get out even. Bears will regret not shorting more and wait for that same rally to allow for a second chance to sell short. The pain of bulls and the regret of bears in a downtrend translate into what is referred to as resistance.

Support and resistance ranges are key concepts that will sharply refine your exit decisions to a fine point. At first glance, the imprecise nature of ranges may appear to be a detriment to precision, but your trailing stops will ensure some compensation for this potential problem. Always use trailing stops when exiting a position and always be sure to revise them according to the desired tightness or looseness of your exit strategy.

Whether your organization encourages employees to manage their own development, or you have managers create plans for their employees, our development plan template can help. If you're an HR or learning professional, you can use this template throughout your organization to:

cater to different learning styles and needs

ensure employee acquire the knowledge, skills and/or experience they need to improve their performance and advance their careers.

There are five eLearning Components that are essential for all successful online courses. Understanding these components will help you design and develop a course that meets computer-based training objectives. The diagram above illustrates how these components are connected. Each elearning component plays an important role in designing an online course. Among all of the components, none plays a larger role than the Audience.

From concept to implementation, the audience is a critical factor in the process of developing online courses. Everything designed and developed should be done with

the audience in mind. One of the first steps in the ADDIE process is to conduct an audience analysis. This analysis will help you to determine the basic structure of the other four elearning components. As you begin to develop an online course you should always consider the following about your audience:

Expectations: You need to know the expected outcomes of the training or course that you develop. What will be required of the learner after completing the course or training? What skill level is require to be certified or qualified upon completing the course or training? Knowing these expectations will help you in determining the structure, content, and format of the course or training you develop.

Learning abilities (prerequisites): Before you can design or develop a online course, you need to know about the audience's learning abilities and if there are prerequisite topics required for the course or training. For example, if you are creating a course on how to build a car, the learner should have some mechanical aptitude or knowledge of how a car functions first before learning how to build a car. Thus, a prerequisite for this course might require the learner to know the fundamentals of engines before completing a course on how to build a car.

Available hardware/software: An important part of knowing your audience is understanding the capabilities of the learner to access and view your course. For example, if you intend to include audio in your course, it is important to know if your audience has the appropriate hardware and software to hear the audio.

Learning Environment: Another critical part of the analysis phase is to identify the environment of your audience. Where will the audience complete the training or course? Will it be in a classroom setting or at their workstation or desk? Answers to these questions help you to design activities that best meet the environment requirements. For example, the learner may be in a location that inhibits his or her learning experience due to noise or other distractions. The leaner may also be restricted to certain times of the day or limited to an amount of time to use a computer for training. Understanding these obstacles or challenges will better help you in designing a course.

Job Responsibilities: As an instructional designer, and especially as an elearning developer, you must know the job responsibilities of your audience. Remember, required skills of the learner minus current skills of the learner equals course objectives. Knowing what the learner is responsible for on the job will assist you in meeting the expectations and objectives of your customers. Also, this knowledge will help you to create effective online exercises and games to help the learner grasp the subject presented.

Preferences: This is one of the most overlooked areas when learning about your audience. Your audience will always have a preference in how they learn. Some are more prone to learn from video and audio exercises, while others need more simulated, hands-on exercises to learn. Knowing the learning styles will help you to design a course that is interactive and achieve results.

Course Structure

Course structure refers to how a course is designed for elearning. The structure of a course plays a critical role in how your audience learns the material. During the Design phase of ADDIE you brainstormed how the course should be organized and structured. For elearning the same principles apply. Storyboarding is a great way to build your course structure. Consider the following items when structuring your course:

Group content into logical modules: Identify the flow of the course and then determine how to modulate the information. Structuring the information into small chunks will make it easier for your audience to follow and learn the materials. Most people can retain a lot of information. However, the information must be organized and grouped into small segments to ensure a greater retention percentage of the information.

Avoid creating modules that exceed 8-10 pages: Most people need to feel like they are accomplishing something and need those mental check points that indicate that they are progressing. Keeping your modules to 8-10 pages will help the learner feel a sense of progress. Also, modules that tend to be long cause the learner to loose interest and thus, the learning process becomes a drudgery.

Incorporate interactive concepts: Your course structure should also include interactive concepts strategically placed throughout the course. Too much interactivity can cause the learner to either forget why they are completing the course or simply loose interest. A good rule of thumb is to include an exercise or activity every third page with one major activity per module. This will establish a good balance between exchaning information and sustaining the interest of the learner.

Use pictures/graphics to help explain ideas, concepts, or statements: It is always a good practice to include images whenever possible. Many times, instructional designers will insert an image just for the sake of inserting a picture. Each image should have a purpose and should represent the subject presented on the page. By using images to emphasize certain points of the page, you will draw the learner into the subject and he or she will be able to better relate to the concepts presented.

Page Design

Like the importance of charm and charisma of the classroom instructor, the page design of an online course is critical to the learning process. How a page is designed can have a huge impact on the learning experience of your audience. Consider some of the following tips when formatting your course:

Navigation must be intuitive. Make navigation simple and easy to follow. The easier it is to navigate, the more engaging the course will be for the learner.

Appearance must not hinder the learning process. Remember, the purpose of the course is to instruct the learner. The layout of the course should not be laborious for the learner to understand what he or she must do on the page. If a page is confusing or frustrating for the learner, they will lose interest and you will not achieve the learning objectives.

Balance between text and graphics is critical . Avoid over powering the text with graphics or images. Graphics are a powerful resource for instructional designers. Using graphics wisely to stress a concept is a great way to help the learner comprehend a complex topic. However, if the graphic becomes too dominate and over shadows the intent of the topic or concept on the page, the learner can become distracted and lose interest in the course. Also, too much text with little to no images can also have an affect on learner. Similar to images, too much text on a page can appear to laborious for the learner and can psychologically impact the learner in not reading the information. Thus, balance of images and text must be considered when designing a page.

White space is good. Some people like to use every bit of real estate on a screen. This makes the page look cluttered and unorganized. Having a lot of white space is actually a good practice to incorporate into your training. Using white space effectively can promote a positive learning environment for the learner as he or she will not see the page as labor intensive to complete.

Consistency is golden (includes fonts, layouts, and pop-ups). Being consistent throughout your course will improve the learning experience of your audience. Keeping objects and fonts consistent throughout your course helps the learner to become less frustrated in navigating through the training.

Ease of scanning information is imperative. Most people like to scan through a page. Making the page user-friendly by organizing information using bullets or numbers can greatly improve the learning experience. Organizing concepts and topics using bullets or numbers ensure a greater retention percentage for the learner. It also helps the learner to quickly find key points or facts to assist in comprehending critical topics.

Chunking information is crucial. As mentioned before, chunking information into small bits of information will help your audience retain the information presented in the training. As mentioned, most people can retain vast amounts of information if the information is presented in a well organized fashion. Segmenting topics by steps, phases, or concepts will help the learner to remember and understand information within the course. It will also help you in designing an effective training course.

Content Engagement

Because e-learning is a self-study medium, interacting with the learner becomes more important than most types of training forums. В Content engagement refers to how the learner interacts with content of the course. Because studies have shown that the learning experience is greatly enhanced when exercises or activities are incorporated into the learning process, content engagement is critical.

Engaging exercises or events within elearning can compensate for the lack of an instructor who can add that human touch through personality and rhetorical interactions. Similar to classroom training there must be a balance in applying engaging content. Too much engagement and you risk over shadowing the learning objectives. Too little engagement and you risk losing the learner's interest in the topic. Consider the following when attempting to engage the learner in an elearning environment.

Use hyperlinks for additional concepts, explanations, or definitions. The advantage of online learning is that it provides the learner with additional resources and information with just a click of the mouse. Linking to additional references can greatly improve the learning experience and offer added value to the content of the topic.

Incorporate interactive graphics such as animations or simulations. If pictures are worth a thousand words, then interactive graphics should be worth 2,000 words. Creating interactive images help the learner to experience a hands-on learning process that accelerates the learning. For example, information graphics provide a visual comprehension of the concept presented. If the learner had to click on portions of the information graphic, the learning experience would be more impactful to the learner. Simulations and other animations also provide that same objective.

Provide additional options/choices for the learner. In today's world, people love the ability to choose various options. This is important when it comes to learning because everyone learns differently, including various learning style preferences. For example, most people learn visually. However, there are some people that learn better via audio. By incorporating both the visual and the audio aspects into your training, you allow the learner to choose an option that best meets his or her learning needs.

Incorporate quizzes, tests, skill assessments. Another way to engage the learner is to test them on the things that they learned within the course. This allows both the learner to verify that they understood the content while at the same time the instructional designer can verify that the materials achieved the training objectives. This also helps to establish check points for the learner to know if they can move on within the course or return to previous topics to review the information again.

Create fun activities such as games or other educational methods of interactive learning. When learning is fun, people can maintain their interest longer in the topic. As you incorporate activities into your training, remember to make it fun. Use games or other methods that help increase the learning experience. However, use caution in creating the games so as not to allow the games to over shadow the intent of the topic. Remember, the intent of these activities is to provide context around the explanation of the topic.

Keep activities focused on the course objective. Always ensure that no matter what you do to engage the learner, the concepts must compliment the training objectives or topics. The temptation for many is to become so engrossed in interactive concepts that the reason for the training is often forgotten.

Avoid letting the technology overshadow the course objectives. Similar to the previous bullet, never allow technology to become the main focus of the training. Technology is a tool and should be used as such in order to help people learn the training objectives. When technology become the center of attention within an online course, the learner will often fall short in achieving the course objectives.

Many creative ideas are discarded because they do not work. В Likewise, a well organized elearning course can be ill-received if it does not function properly. В Usability refers to the testing of elearning content and applications.

Once you have built your online course, you should always test it in the same environment that the learner will complete the course. Consider the following when you conduct your usability analysis.

Verify that all links work properly

Ensure that activities function as designed

Inspect content to ensure that grammar and spelling are correct

Ensure that graphics are visible

Verify that the course works appropriately in all applicable server environments

Verify that screen resolution works for the intended audience (e. g. 800X600, 1024X768)

Verify that course objectives and expectations are met

Knowing and understanding these 5 major elearning components will help you build instructionally sound and successful online programs.

"As good as an equity trader Steven is, he's in my opinion a great Emini trader. I'm fortunate to be friendly with a number of successful Emini traders and Steve is amongst the best. As I mentioned to his business partner, if given the opportunity, Steven is one of the very few people I would allow to manage my money trading Eminis."

Larry Connors-Best Selling Author of Street Smarts? and CEO of Tradingmarkets and Connors Research Group

Seetu is Collective2's trading-strategy development environment and programming language.

Not a programmer? No problem.

You do not need to use Seetu, or to be a programmer, to manage a strategy here on C2. Most people here won't even look at Seetu. In fact, most trade leaders will just type their trades into C2's simple interface -- and that is all.

If you want to learn more about starting a strategy here on C2, and becoming a trade leader without programming, check this out .

If you are interested in programming and advanced strategy development techniques, you can use Seetu to explore trading ideas, backtest your strategies, and then - when you are satisfied - output buy/sell signals to a Collective2 strategy on a go-forward basis.

It is being made available to C2 Members as a very early beta-test product.

What: FREE Power Trading Workshop for Stocks - Invest a few life-changing hours and discover a complete approach to trading that will give the ability to trade with the skill and confidence of the pros. Live trading demonstrations will be included in the workshop.

The MACD indicator is basically a refinement of the two moving averages system and measures the distance between the two moving average lines. MACD is an acronym for Moving Average Convergence Divergence .

MACD was developed by Gerald Appel and is discussed in his book, The Moving Average Convergence Divergence Trading Method .

MACD Trading Signals

The MACD indicator is primarily used to trade trends and should not be used in a ranging market. Signals are taken when MACD crosses its signal line, calculated as a 9 day exponential moving average of MACD.

Trending Market

First check whether price is trending. If the MACD indicator is flat or stays close to the zero line, the market is ranging and signals are unreliable.

Signals are far stronger if there is either:

a divergence on the MACD indicator; or

a large swing above or below the zero line.

Unless there is a divergence, do not go long if the signal is above the zero line, nor go short if the signal is below zero. Place stop-losses below the last minor Low when long, or the last minor High when short.

Microsoft Corporation chart with: MACD, and MACD signal line.

20macd%20signals. png" /%

Mouse over chart captions to display trading signals.

Go short [S] - MACD crosses to below the signal line after a large swing.

Go long [L] when MACD crosses to above the signal line.

Strong short signal [S] - the MACD crosses after a large swing and bearish divergence (shown by the trendline).

Go long [L]. Flat MACD signals that the market is ranging - we are more likely to be whipsawed in/out of our position.

Exit long trade [X] but do not go short - MACD is significantly below the zero line.

Re-enter your long trade [L].

MACD Setup

The default settings for the MACD indicator are:

Slow moving average - 26 days

Fast moving average - 12 days

Signal line - 9 day moving average of the difference between fast and slow.

Before installing, make sure that Trading Station is completely uninstalled. Depending on your browser you will see the download displayed in a specific…

Need to run Metatrader 4 on a Mac?

There are several options which require a client to install the Windows OS. If you are willing, here are some options: Parallels from Parallels IP…

How do I log onto MT4?

To log in to MT4: Click “File” -> “Log Into Trade Account”Within the log in window, uncheck the box “Save Account…

Need to run Trading Station Desktop on a Mac?

What are the system requirements for Trading Station/MT4?

How can I learn how to use the MT4 platform ?

How can I run 2 MT4’s on my computer?

High Risk Investment Warning: Trading foreign exchange and/or contracts for differences margin carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss in excess of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. Before deciding to trade the products offered by FXCM you should carefully consider your objectives, financial situation, needs and level of experience. You should be aware of all the risks associated with trading on margin. FXCM provides general advice that does not take into account your objectives, financial situation or needs. The content of this Website must not be construed as personal advice. FXCM recommends you seek advice from a separate financial advisor.

Please click here to read full risk warning .

FXCM is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission and is a member of the National Futures Association. NFA # 0308179. FXCM is provisionally registered with the CFTC as a swap dealer.

FXCM Inc. a publicly traded company listed on the New York Stock Exchange (NYSE: FXCM), is a holding company and its sole asset is a controlling equity interest in FXCM Holdings, LLC. Forex Capital Markets, LLC ("FXCM LLC") is a direct operating subsidiary of FXCM Holdings, LLC. All references on this site to "FXCM" refer to FXCM Inc. and its consolidated subsidiaries, including FXCM Holdings, LLC and Forex Capital Markets, LLC.

Please note the information on this website is intended for retail customers only, and certain representations herein may not be applicable to Eligible Contract Participants (i. e. institutional clients) as defined in the Commodity Exchange Act §1(a)(12).

Click "Run" or "Open". (Do not click "Save".) If you have previously downloaded a version of the trading station onto your computer, please UNINSTALL IT FULLY before downloading the platform again.

Follow the installation instructions on the screen.

Once the program is fully installed, an "Trading Station Desktop" icon will appear on your desktop, as well as the item " FXCM Trading " in your Programs menu. Click on "Trading Station Desktop" in the menu or on the desktop, and enter your user ID and password. Under "Connection", use the drop down arrow to select "Demo".

How do I uninstall Trading Station Desktop?

Some technical issues that can occur with the platform will need to be corrected by performing a full uninstall and reinstall of the Trading Station platform. If you are experiencing technical issues with the platform, follow the steps below:

Click on "Start" and select "Control Panel."

Next, click on "Add or Remove Programs."

From here, select "FXCM Trading Station" A dialog box will appear to confirm that you would like to uninstall the platform. Click "Yes."

Need to run TS Desktop on a Mac?

There are several options which require a client to install the Windows OS. If you are willing, here are some options:

Parallels from Parallels IP Holdings. This is 3rd party software which has associated costs. This is currently the most popular option for FXCM Mac users. It’s more flexible than Boot Camp because you can run both Windows and Mac OS at the same time, easily bouncing back and forth between programs on both operating systems.

vmware/products/fusion/overview. html from VMware Inc. This is the main competitor to Parallels and the feature set is similar.

Boot Camp from Apple. It comes preinstalled on newer Mac computers and the end-user only needs to purchase a copy of Windows. This is the least expensive option but also the least flexible since you can only run one of either Mac OS or Windows OS at any given time; they won’t run simultaneously.

Apple and Mac are trademarks of Apple Inc. registered in the U. S. and other countries.

Want a Web-Based Forex Platform?

NEW Trading Station Web

Trading Station Web is our popular web-based platform that is compatible with Macintosh computers. It is also ideal for people who cannot download or install software on their computers.

Want to try it out?

For Trading Station click Here

For Trading Station - Spread Bet click Here

Trading Station

Download Trading Station Desktop for Windows

Download Trading Station

Self-extracting EXE file (7.8 MB)

Click "Run" or "Open". (Do not click "Save".) If you have previously downloaded a version of the trading station onto your computer, please UNINSTALL IT FULLY before downloading the platform again.

Follow the installation instructions on the screen.

Once the program is fully installed, an "Trading Station Desktop" icon will appear on your desktop, as well as the item " FXCM Trading " in your Programs menu. Click on "Trading Station Desktop" in the menu or on the desktop, and enter your user ID and password. Under "Connection", use the drop down arrow to select "Demo".

How do I uninstall Trading Station Desktop?

Some technical issues that can occur with the platform will need to be corrected by performing a full uninstall and reinstall of the Trading Station platform. If you are experiencing technical issues with the platform, follow the steps below:

Click on "Start" and select "Control Panel."

Next, click on "Add or Remove Programs."

From here, select "FXCM Trading Station" A dialog box will appear to confirm that you would like to uninstall the platform. Click "Yes."

Need to run TS Desktop on a Mac?

There are several options which require a client to install the Windows OS. If you are willing, here are some options:

Parallels from Parallels IP Holdings. This is 3rd party software which has associated costs. This is currently the most popular option for FXCM Mac users. It’s more flexible than Boot Camp because you can run both Windows and Mac OS at the same time, easily bouncing back and forth between programs on both operating systems.

vmware/products/fusion/overview. html from VMware Inc. This is the main competitor to Parallels and the feature set is similar.

Boot Camp from Apple. It comes preinstalled on newer Mac computers and the end-user only needs to purchase a copy of Windows. This is the least expensive option but also the least flexible since you can only run one of either Mac OS or Windows OS at any given time; they won’t run simultaneously.

Apple and Mac are trademarks of Apple Inc. registered in the U. S. and other countries.

Want a Web-Based Forex Platform?

NEW Trading Station Web

Trading Station Web is our popular web-based platform that is compatible with Macintosh computers. It is also ideal for people who cannot download or install software on their computers.

Want to try it out?

Click on the Login button at the top of our website to launch the platform.

Apple and Mac are trademarks of Apple Inc. registered in the U. S. and other countries.

What is Automated Forex Trading

Actually, all automated forex trading systems really work by exchanging some foreign currencies from one individual to a different one because the set and actual price. without any doubt, forex trading is certainly one in all the most effective and also the most good strategies and ways that to earn smart cash, then for a giant number of people everywhere the world, its actually become the only existing means that of living. For sure, every forex trader sure enough desires to form a giant success of this, however, its quite necessary and essential to actually find out about this type of modern market and additionally analyze its current movement within the respect to the actual foreign currency.

Well, that’s specifically why its a very sensible plan to actually impl ement some automated forex trading system for giving that assist to all or any forex traders. In fact, its higher known as the forex automated robots, it actually makes trading to be a lot of faster and easier similarly. Besides, those trading robots additionally assist all forex traders to realize far more profit with no or simply somewhat effort. Moreover, in line with the very fact that the automated system re ally will increase the danger management and also the present strategy, then the total side of the forex trading clearly becomes to be a lot of simpler and easier.

What is Automated Forex Trading

In fact, youre sure enough able to earn a giant deal of cash by dealing within the modern foreign currency trading. Of course, all participants utilize that trading system precisely the same means while theyre investment within the shares and also the stocks. For sure, this automated system utilizes some software system program for evaluating the rises and falls of the foreign currency rates for very creating some quite profitable decisions.

Without any doubt, with a help of this automated forex trading software system, youre positively able to begin this program and additionally to start gaining sensible profits with not such a lot effort. Well, all trades really happen ceaselessly with an assistance of the trading automaton. Besides, theres one best and good factor – the very fact that its not necessary for you to be on-line around the clock and each single day.

In fact, this automated trading software system is specifically created for making decisions and transactions automatically on your own forex account and its additionally conducted with another program versions similarly that actually analyze and track all movements of the modern exchange market.

For sure, automated forex trading just simply and easy takes all the idea out of this foreign currency exchange market, so youre able to begin this method with simply somewhat investment and inside some short amount of your time as well.

The Most Successful Forex Trading System

Forex trading system is very significant in making earnings in the forex exchange market. These are forex trading strategy or approach to defining how the markets treat a currency. They are produced approximately companies investors from all above the world and the majority are systems that are tested and proved to be successful. Some system is just exactly regarding exchanging one currency for an additional when others exchange currency invest in stock from all above the world or globe.

At what time a forex investor can create its personal forex system as he get to know more about trading during courses, workshops private experience, the majority traders start their investing during stick to a mechanical system presented by a professional forex trader. The mechanical system is created approximately forex signals that a trader must be advised of if he needs to achieve winner. Mainly of these professional forex trading system and the most successful forex trading system are changed into automated computer program that will confirm a trader while it is better to do sells or purchase. Knowledgeable trader will sell these systems to the newbie forex traders so that they be able to make a profit as fine.

Automated forex trading systems are attractive popular since they assist easy to make money and at the same time teach them how the market workings. The system, which are base on how stock exchange workings, are built around the actions of worldwide investors, currency company. They are mechanical, analyze how stocks currency develop or get minor when they act in a exacting method.

Even though it is not for all time certain, systems assume that when a product does a specific act, it will follow trend other goods have complete in the past. The stock market call trader who depends on these trends impetus players. Impetus players attach to their systems to be forever true; in additional case they will knowledge losses. Be careful with totally automated forex trading systems. Although they offer a way to obtain involved keen on the forex trading, the course of the forex market change is not possible to be forecasted exactly by a computer program. You have intuition imminent that is significant to make sensible trades.

Automated forex trading systems be not the just form of trading system that you be able to use. There are as well additional flexible systems accessible. These systems provide more liberty. Although they show ideas or when to buy and sell stocks and currencies, they provide opinion, insight experience to play the most very important role in trading.

As it have been already mention, here are people that are ready to sell their forex trading system to newbie because they obtain more information regarding the market. Original investors can want apart system to investigate how they purpose. It helps to rate up the thoughtful of the forex market. After a though, a successful investor will be bright to make its own system hopeful for receiving big profits.

Since of hard time in the world financial system Foreign Exchange market has turn into a very popular method of earn money. Those who are looking for successful strategy strength be involved in manage forex accounts. But please it’s significant that you study about forex trading scam previous to leaving into forex trading.

It is a must to understand reviews to make a conclusion is forex a scam? Previous to you invest money keen on trading action. This is important; do not forget that we exist in the world anywhere info speedily enhance the excellence of our life.

Due to this if you are correctly equipped with the info in your subject you can rest sure that you will in any case discover the method out from every bad situation. So, please make sure to way this site on a usual basis or a perfect solution for you sign up to its RSS feed. Therefore you’ll have your hand on the beat of the newest information updates here.

Most Effective Forex Trading Strategies

The ways adopted by each Forex trader tends to dissent from the other, to a good extent. Whereas there are some, who like experiment and formulate their own ways, there are others who simply wish to play it safe, and bed the copy-book method. Then there are several traders who use the normal strategies in conjunction with few new ways that they formulate on their own. Consultants believe thats the third group of the traders who prefer to combine things up and trades are the best ones.

Importance or Most Effective Forex Trading Strategies

Formulating your own trading strategy is extremely essential if youre staring at future success in Forex trading markets. A lot of significantly, the ways that you simply develop must always keep you at comfort and deliver results as per your expectations. That being said, its the beginners who find the construct of developing their own ways terribly intimidating; thus, here are five tips which will facilitate them out:-

One of the biggest myths spread around the Forex world is that 95% of traders fail to make money. Traders no matter how limited their experience, seem to all have heard the same myth! I have no idea where this started but I have a very good idea of why this myth continues on today and will continue on for a long time to come.

There is one major thing all unsuccessful traders have in common and that is they fail to take full responsibility for their trading. They may think they do, but when it comes down to it they are all looking for any excuse or reason as to why it is too hard to make money.

This is the same reason indicators are so popular in the Forex market. Indicators allow traders to pass the blame onto the indicator when the trade doesn’t work out. When the trade goes bad they can simply sit back and say “that indicator didn’t work”! Yet when the trade is a winner they are the smartest trader getting around.

All the traders that continue to lose money trading Forex love to spread the word to other aspiring traders just how hard making money is. This makes them feel better about their own lack of success. Before you know it the new trader who has just been told it is too hard by the losing trader is finding themselves giving up because they now think it must be impossible to become part of the exclusive 5% of winning traders! You can see how this cycle continues!

What do the Stats Say?

The first quarter profitability results have recently been released for the biggest brokers in the US. The graph below shows the 5 most well-known brokers and their trader’s profitability. This information has been sourced with the permission of Forex Magnates and the completed graph can be found here: Forex Trader Profitability Stats

As you can see from the above graph the best broker is GFT who had 40.6% of their traders who were profitable over the first quarter for 2012. The lowest profitability rate of the 11 brokers who released their results was FX Club who still had 27.3% of their traders who made money in the first quarter!

The above graph slams the myth that only 5% of all traders make money in the Forex market. Oanda had nearly 10,000 traders in the US alone who made a profit in the first quarter.

How Can I Become Part of The Profitable Group?

To turn your trading around you need to start doing things the way that profitable traders do them. Stop hanging around the traders who are negative and make everything seem hard. The best and fastest way to achieve success is to start talking and mixing with people that have done what you want to do. Stop letting your unsuccessful buddies tell you how hard trading is and how it can’t be done. Start watching and listening to the people that have done it and can show you how.

Making money in the Forex can be done. You can see from the above graph many people do make money from Forex. You just need to seek out the correct people and begin to learn the methods that they use to succeed.

What are the Major Differences between the Profitable and the Not?

If I had to tell traders what are the 3 of the main differences I see between the people who make money and the people who do not, it would be successful traders have the following:

1. They have an edge and master it.

2. They are picky in their trade selection.

3. They approach the market with the correct mindset. They have learnt from their mistakes.

They Have an Edge and Master it

The traders that make money consistently in the markets year in and year out don’t do so with a random approach. Most successful long term traders have a method such as Price Action Trading . A method such as Price Action Trading allows the trader to clearly define when they have an entry signal present, and then how they need to enter and manage their trades.

Without an edge in the market traders may as well just flip a coin and aim for 1/1 risk reward. Not counting spread this would at least give traders an expected outcome of 50/50 of making money. An edge is something the profitable trader has committed to and has perfected so that they know in every scenario exactly what they should do.

There are literally thousands of Price Action traders in today’s markets and the successful ones are the ones who have taken the time to learn their craft and have perfected their chosen setups. Instead of trying to trade every single entry signal there is, they have learnt a few easy and simple setups that are repeated and have made them their own. You don’t need 20 different Price Action signals to make money, you just need to be excellent at the few you trade!

They are Picky in Their Trade Selection

This point is the absolute number one thing that separates the great traders from the rest. There is no doubt about this! The biggest account killer I have seen in nearly all losing traders is the need to always be in a trade and to over trade. The profitable traders never fall into this trap.

This goes with the previous point listed above. The successful traders have their few very reliable setups that they trade. They don’t then just trade every single setup that comes along. Because they have perfected their craft, they know exactly what an A+ setup looks like, and what criteria has to be met for them to enter a trade. When a setup meets their criteria they act fast and without hesitation.

Perfect your few chosen Price Action setups, and then wait for the very best setups to come along. When they do pounce hard, fast and without hesitation, like a tiger pouncing on its pray!

They Approach the Market With the Correct Mindset, They Have Learnt From Their Mistakes

Once the trader has an edge and has learnt exactly how their method works, it is vital they take time out to work on their trading psychology. I know a lot of traders will read this and roll their eyes, but I can guarantee you those exact same traders are the ones making a loss!

Are you trading with fear? Are you trading without money you can’t afford to lose? Are you risking too much money? Are you over confident because you just made a few winners? Do you think that you need a method that should be 100% correct all the time? Are you revenge trading? These are just a few of the very serious trading errors that traders can make because of the incorrect mindset.

Profitable traders have not just read about these psychological errors but they have experienced them and learnt from them. Most traders have experienced the feelings I have spoken of above. What have you done with these? Have you buried them away for another day so they can arise again when you are next in the same situation? Or have you set aside time to study and find a fix for them?

At the end of the day you can be a successful trader! How badly do you want it? You need to commit and then go about finding a way to achieve your goals. It can be done and hopefully I have proven that during this article! It is now up to you………….If you want to become a more confident and successful trader check out the Forex School Online Price Action Course .

Safe trading,

Do 95% of Traders Really Fail? was last modified: May 28th, 2014 by Johnathon Fox

Now that you have completed your first triathlon, you are probably wondering what type of Triathlon Schedule will help you achieve your goals for next year. As an example, I had an athlete email me who had just completed her first triathlon last month, and her second sprint triathlon just this past weekend. Her goal is to do an Olympic distance triathlon by next September and she would like to have some small goals along the way.

What kind of triathlon schedule will help her reach her goal by next September?

These are some ideas of how she can get her fitness where it needs to be.

Fall (Oct-Dec): Off Season Off Season is a relative term it does not mean dont workout. It means to take a break from your typical run/bike/swim/repeat and do some other sports and activities. Expand your physical horizons and try somethings that involve lateral movement, flexibility or maybe some explosive muscle powerthings that tend to gradually decline during your triathlon training. By doing this, you keep your mind fresh, keep your body engaged in new movements and strengthen neglected areas of fitness.

Winter (Jan March). Power Building Now I know this isnt what you expectedyou expected me to say Winter Base Training . Well heres the thing. For those of you new to the triathlon training world, it used to be that winter was a time for long slow distance riding and exercising, with nothing over a conversational pace of exertion. The thinking was that this was the best way to build not only endurance, but the best way to maximize your aerobic engine and prepare your body for more intense work to come.

But recent studies of different training ideas in addition to sound understanding of physiology tells us that the aerobic engine can be built much more efficiently, and with much less time in the saddle, by increasing the intensity of our winter workouts. Threshold training is the new base training. Sort of.

This is really a big topic to cover in a single blog post, so look for more ideas from me about this topic soon. I could probably write a book about it, and in fact, I do a lecture called Exploding Winter Base Training Myths for our local triathletes.

Spring (March-June): Specific Power and Endurance By spring time, if our athlete has followed a winter of sound aerobic engine building, shes developed a lot more power than she had in the fall, but has possibly lost some endurance. Depending on the distance of her goal event, now is a good timeto start adding distance to her training workouts. While this may sound backwards compared to some traditional ideas about periodized training, It makes a lot more sense from a practical and physiologic point of view. Practically speaking, the days start getting longer and by mid march there are 12 hours of sunlight every day. Time for longer outdoor training makes it much more likely that it will get done. The strength and power built in teh winter will come into play here making the outdoor rides relatively easier than if shed been doing nothing but trying to increase training distance.

Also during this time, she shoudl consider scheduling at least one or two sprint triathlons. Shes already got two under her belt, so she can use these events to hone her transition skills and shoot for personal bests in each leg or in the overall sprint triathlon.

Fall: (June Sept): Now is the time to really focus on the goal event, the Olympic distance triathlon she had picked out. Shell want to make sure she can complete the distances, incorporate regular bricks and practice her race intensity during her workouts.

This simplified triathlon schedule would help this new triathlete have a well rounded season plan and still accomplish her goals for next fall.

If you are a more advanced triathlete, you may find that waiting until september is too long for you to attempt your first olympic, but every triathlete will need to map out their own season according to their goals.

Relative-value arbitrage is an investment strategy that seeks to take advantage of price differentials between related financial instruments, such as stocks and bonds, by simultaneously buying and selling the different securities—thereby allowing investors to potentially profit from the “relative value” of the two securities.

Before we explain that, lets review the concept of arbitrage. Arbitrage, at its most simplest, involves buying securities on one market for immediate resale on another market in order to profit from a price discrepancy. But in the hedge fund world, arbitrage more commonly refers to the simultaneous purchase and sale of two similar securities whose prices, in the opinion of the trader, are not in sync with what the trader believes to be their “true value.” Acting on the assumption that prices will revert to true value over time, the trader will sell short the overpriced security and buy the underpriced security. Once prices revert to true value, the trade can be liquidated at a profit. (Remember, short selling is simply borrowing a security you dont own, selling it, then hoping it declines in value, at which time you can buy it back at a lower price than you paid for it and return the borrowed securities.) Arbitrage can also be used to buy and sell two stocks, two commodities and many other securities.

Relative-value arbitrage is also referred to as “pairs” trading. Thats because with relative-value arbitrage, an investor invests in a pair of related securities. Ideally, these securities will have high correlations, meaning they will tend to move in the same direction at the same time.

Stocks in the same industry that have trading histories of similar lengths are often used in relative-value arbitrage. Automotive stocks GM and Ford are good examples, as are pharmaceutical stocks Wyeth and Pfizer. But indices, such as the SP 500 Index and the Dow Jones Utilities Average, can also be used in relative-value arbitrage. So can index-tracking stocks, such as the QQQQ (which tracks the Nasdaq Composite Index) or the SPY (which tracks the SP 500 Index). In fact, when it comes to choosing securities, the sky is the limit: Relative-value arbitrage works not only with stocks, but also with futures, options, currencies and commodities.

Whatever securities are used, when the prices of the two securities diverge—meaning one security rises in value and the other security falls in value—the relative-value arbitrageur buys one security and shorts the other. When the prices converge again, the relative-value arbitrageur closes the trade.

Because relative-value arbitrage requires securities to be correlated in price, it is typically used in a sideways market, which is a market that is neither rising nor falling, but trading within a specific range. Whether a market will continue to stay within a specific range can be difficult to evaluate, however, as markets can change direction quickly. So, relative-value arbitrage requires the knowledge and skill to evaluate not just individual securities, but the markets as well.

Because of these risks, large institutional investors—such as hedge funds, private equity firms and investment banks—are the major user of relative-value abitrage.

In summary, then, while relative-value arbitrage may help increase returns in difficult market environments, such as sideways markets, it requires significant expertise, and is best used by sophisticated investors who are willing to accept its risks.

Get comprehensive and up-to-date information on 6100 + Hedge Funds, Funds of Funds, and CTAs in the Barclay Global Hedge Fund Database.

Several years ago we started using Range and Renko Charts with our systems here at NetPicks.

This has piqued people’s interest in some of the other more esoteric chart types. Its very much worth taking a look at our popular webinar How to Trade with Renko Charts .

However, in this article we’ll introduce you to Kagi Charts.

Kagi (rhymes with touchy) charts were developed in the 1870’s in Japan, and many of us in the US first learned about them from Steve Nison in his book Beyond Candlesticks .

Like Renko charts, Kagi charts are independent of time and have the virtue of filtering out much of the market noise, thereby giving a clear indication of price trend.

Kagi Charts Basics

Looking at a Kagi charts you might think you’re seeing a very long snake gradually weaving its way to the right. There appear to be no distinct price bars as you’d see in time-based, Renko or other charts, but that’s simply due to the presentation method.

We do in fact have a series of price bars, the vertical bars, connected by the short horizontal bars.

Every horizontal bar represents a high or a low. A bar that moves from a low to a high is an up bar, one that moves from a high to a low, a down bar. Note also that an up bar can be either thick (green on some platforms) or thin (red on some platforms), so color or line thickness does not reflect the direction of price movement inside the bar.

Figure 1 – Kagi Chart

The style or color of the Kagi line tells us what the dominant market trend is. A thick (green) line tells us the market is in a rally and the dominant trend is up ; a thin (red) line says that the market is in decline and the dominant trend is down .

Each of the elements of a Kagi chart also has a unique name. The thick line is called the yang line while the thin line is called a yin line, and a high is referred to as a shoulder and a low as a waist.

We won’t use these names in this article however, we’ll keep referring to them as thick or thin or high or low.

Kagi Reversals

Consider an up bar, one that started drawing from a price low. As long as price continues moving up, the bar grows longer and the high of the bar extends further.

Minor price fluctuations will not affect the direction of the bar. However, once price retraces a predetermined amount we have a reversal, and your charting platform will draw a short horizontal line at the bar high and commence drawing a down bar.

As long as price continues to move down . the new bar will extend lower. If price however moves back up by the same predetermined amount, we establish a new low, draw a horizontal line at that low and begin drawing an up bar.

Figure 2 Reversals

On most charting platforms . including Tradestation and NinjaTrader . the reversal can be specified as either a fixed amount or a percentage of the price of the instrument. The traditional approach uses 4% of price as the reversal amount.

Note that you can have a series of reversal but the line style – thick or thin – will not necessarily change. In effect what you’ll see is essentially a series of swing highs and swing longs.

Dominant Trend Reversals

As stated earlier, a thick line indicates a dominant trend to the upside.

As long as price does not move below the previous low on the Kagi chart, that dominant trend will remain in effect and the line will remain thick. Once the previous low is broken, the style immediately changes to a thin line, indicating that the dominant trend is changing to a downtrend.

Conversely, when a thin line has price breaking a previous high, it becomes thick again indicating a shift out of the dominant downtrend.

Figure 3 – Dominant Trend Changes

In practice you’d need to see a couple of reversals where the line remains thin before accepting that the dominant trend has changed, since as you know prices usually go through a consolidation period before definitively changing direction.

These consolidations show up clearly on a Kagi bar as a succession of short thick and thin lines.

Trading Application

The traditional approach to trading Kagi charts says that you buy whenever the line changes from thin to thick, and you sell when it changes from thick to thin. Because the Kagi charts filter out a lot of the market noise . this can keep you in some very nice trends.

Of course it’s not perfect either, as you’ll still be susceptible to chop whenever price consolidates.

You can also use Kagi charts as a directional filter for your current trading system. Open a chart with your trading system and a separate Kagi chart for the same instrument.

Only take long setups from your system while the Kagi line is thick, and only take short setups from your trading system while the Kagi chart is thin.

Finally, you can use all of the usual technical analysis techniques with Kagi charts, including support/resistance levels, price formations, and all of the technical indicators available in your charting package. Give it a try: pull up a chart of your favorite trading system and simply change the chart type to Kagi.

Your system will continue to work as before, except that now all the signals will be based on the Kagi chart.

A word of caution is in order here . if you day trade using a Kagi chart be sure to set the precision on the chart to 1 tick intervals .

Figure 4 – NetPicks SST with Kagi Chart

Give Kagi Charts a try

Kagi charts are another tool we can use in trading the markets. They do a great job of filtering out noise and indicating major trends and can be used either on their own or in conjunction with other charts and systems.

Open up Kagi charts of your favorite instruments, experiment with the reversal size and see how you can incorporate them into your own trading.

When developing and evaluating EAs for MT4 (expert advisors), it is useful––if not required--to backtest strategies. Fortunately, MetaTrader has a backtesting utility built-in, but it's not very useful with its default settings.*

You will notice that MetaTrader reports somewhat low test modeling quality if you simply plug in a strategy and test against the data you have available. Here we will show you how to backtest expert advisors on MT4 with 99.9% modeling quality.

In order to maintain high-quality EA test results, it is necessary to import tick data into MT4 from a verified, external source. We recommend tickdata from Dukascopy, who have archived tick-by-tick market data *going back almost 10 years.*Tickstory is a program that will* automatically import tick data into MT4, which you can then use to backtest EAs.

Tickstory is FREE software, extremely convenient for traders developing and backtesting expert advisors with MT4 and MT5. You can download it from here:*Tickstory - The Historical and Real-time Market Database for Traders

Backtesting can be done on your local PC running MT4, or on the MT4 platform installed on your forex VPS.*To generate the files necessary to import into MT4 and begin backtesting, all you need to do is choose the currency symbols and timeframe you would like to download in Tickstory. The application will do the rest.*You can also produce custom formatted CSVs to import tick data into NinjaTrader, StrategyQuant, or another platform for testing.

The VXX Trend Following Strategy has been published by Connors Research as part of their trading strategy guide series.

The EdgeXcel™ template VXX Trend Following – Trade Simulation runs a backtest on all 24 individual variations of the strategy as follows:

Template Selection

The template can be found in the VXX Trend Following strategy category and is called Trade Simulation:

Click on the category first to show the list of templates in that category and then click on the Trade Simulation Template.

Symbol List Selection

Before running the template, make sure to select a symbol list that has only one symbol VXX. You can easily create a list to contain that symbol or just download the list from here and unzip it and place it into your EdgeRaterSymbol Lists folder.

Updating the Data

Make sure that the data has been updated to the latest End-Of-Day data. The default data provider is set to the free Yahoo! data provider (unless you have already changed it to something else). Press the EOD update button to make that happen. This update process should be very quick even when using the Yahoo! data provider because only one symbol is being fetched in the request for data.

The amount of historical data fetched can be set after pressing the Edit symbol list button.

This will bring up a dialog box which contains 3 tabs. The Data Update Options tab allows you to set the amount of historical data to fetch.

End-Of-Day data is all that is needed to run a trade simulation. You do not need to do an intraday update before running the backtest.

Running the Template

After selecting the template and symbol list and updating the data, press Run in the EdgeXcel™ template menu bar:

Viewing the Results

A summary of the results will be shown in the template area and also stored in an Excel™ spreadsheet on the file system in the following location: EdgeRaterReports so that you have a permanent record of the results.

In addition to the overall summary, a separate Excel™ document will be created for each strategy variation. These documents contain details of each simulation such as the list of trades, Daily equity chart, Statistical gain/loss chart and full variation trade summary. These documents can be viewed in any Excel™ spreadsheet viewer.

The Daily Equity Chart worksheet is driven by the Daily Equity Data worksheet.

By having these results in an Excel™ spreadsheet format, it allows you to run your own calculations on the data if you are so inclined. For instance you may want to see combinations of Long and Short variations.

In this section you will learn stock trading strategies that can double your money. Up to this point you are familiar with analyzing financial markets. Phase I and II involve basic strategies that should be understood. You might have made a few profitable trades by now and are ready for the next level. You should be familiar with stock charts and how to plot exit and entry points. The stock trading strategies listed below will make your stock trading more precise.

Phases of Stock Trading

Phase II: Breakout Strategy

Breakout Theory Trading System

Stock Scanning Services

To Learn Advanced Stock Trading Strategies Click Topics Below

Short Selling

Up till this point youve learned to make money when stocks go up. Now learn how to make money when stocks go down. Short selling is one of the many stock trading strategies that can double your profits. Learn how to sell stocks short. Short selling stocks is just as easy as buying. However, the markets are faster. Typically a stock that goes up 20% in 30 days, can go down 20% in 1 day. The action is fast, and only experienced trader should try this. Because you are using margin, the risk factor can be unlimited, and there is potential to have unlimited loses. Read More

Tape Reading

This is the oldest of all stock trading strategies. The art of reading the tape is the most basic form of technical trading. Price action and stock volume was the only information that was available in the early days. Men who knew how to read the tape in the early 1900s made millions. Today tape reading is still a valid and powerful strategy. This method can effectively enhance your trading skill. It adds more precision to your entry. You can prevent false breakouts, and sense the direction of price movement. It gives you an idea of buying and selling pressure on a stock. The edge you get from understanding tape reading is priceless. Read More

Pyramiding

Increase your profits by buying more shares as the stock price goes up. Of all the stock trading strategies listed here, pyramiding may be the most powerful method to multiply your profits. As a trend develops you gain profits. Those profits are then used to buy more shares of stock. This maximizes the gains received from a major trend. This is a complex strategy that involves some simple calculations. Legendary traders like Jesse Livermore has proven that buying up always increases your profits. Again, buying higher prices is counter intuitive and many stock traders cant grasp this concept. Read More

Scaling Into Position

To minimize risk and preserve portfolio value, many professional traders buy small amounts of stock at the beginning of the breakout. This method falls into the risk management category of stock trading strategies. Preserving your capital can be the most powerful method of making money. Many who are just starting to learn stock trading neglect this concept and are taken out of the game early on. Often times breakouts can be exhausted after such a volatile price move. By scaling into position, the trader reduces risk and has a chance to buy the stock at a better price. Read More

Market Confirmation

Market confirmation is on of the stock trading strategies that observe price action of stocks, and the equity markets. This concept views the markets as a whole. It is important to notice that markets move in lockstep. The Dow Jones index moves and some what correlates with the Nasdaq. Other indexes correlate as well. You will also notice that stocks move with the tide of the indexes as well. When buying breakouts its a good idea to see what the market is doing as a whole. You want a broader view of the markets. This will help you to swim with the current. When the market action gets very bullish the potential for breakouts arise. With market confirmation, trading breakouts have a higher probability of developing into large stock trends. Read More

Investopedia defines a covered call as "an options strategy whereby an investor holds a long position in an asset and writes (sells) call options on that same asset in an attempt to generate increased income from the asset." Writing covered calls is the safest income strategy, as the most the writer can lose is stock they already own. Set the strike price where you're comfortable selling the stock, and be prepared to make delivery at a price below the current market value.

Naked Puts

A naked put is defined by Investopedia as "a put option whose writer does not have a short position in the stock on which he or she has written the put." Naked put writing is the riskiest income strategy, as the put writer may be required to buy stock at a price higher than the current market value. Set the strike price where you're comfortable owning the stock, and be prepared to take delivery.

Covered Combinations

According to Investopedia, a covered combination "involves the simultaneous sale of an out-of-the-money call and a put with the same expiration date on a security owned by the investor. In other words, it is a combination of a covered call and a short (naked) put position." Investors use this type of strategy when they're bullish on a particular stock. They want to generate income and are willing to either sell their shares if the price rises or own additional shares if the price drops. Set the strike prices where you're comfortable selling out of your current position and taking delivery of additional shares. Be prepared for investors to exercise on both sides of the trade.

Considerations

Options are risky, especially when writing against uncovered positions. Remember that the stock's market price isn't required to cross the strike threshold before investors can exercise. Tax strategies motivate investors to call stocks that are out of the money, or haven't reached the strike price yet, and sell them at a loss. When writing calls or puts, be prepared to make or take delivery at the strike price no matter what the market price is. If you're inexperienced in trading options or unfamiliar with option strategies, consult a financial professional first.

The international foreign exchange market provides opportunities for deriving high-yield and high-risk profit from currency rate fluctuations. Success of a trader depends on many factors; one of them is a trading platform the broker offers for operating on the market. Today most forex brokerage companies and their customers prefer MetaTrader 4 и MetaTrader 5 terminals. If you go for MetaTrader platforms as well, be sure − mt5 forex forum has been designed for you.

Forex forum India ─ Trading discussions.

On our forum you will find relevant forex forecasts and have a chance to join discussions held by experts of the currency market, professional traders and those who are new to Forex. These discussions will bring answers to all your questions. Moreover, you will be able to express your opinion, get useful information, ask for help or, on the contrary, give someone helping hand. Everyone willing to learn something new and share the knowledge gained is welcome!

The forum contains a rating of companies rendering brokerage services based on traders’ opinions. You can also share the impressions a certain forex broker left on you, provide your assessment of its services quality and also tell about your positive or negative experience of working with a brokerage company. Your comments will help other traders avoid mistakes and choose a reliable broker to cooperate with.

Our forum is a good way to have some rest from work and communicate with friends on miscellaneous topics. This is a realm of anecdotes, jokes, caricatures, contests, sports news discussions, real life stories and off-topic unleashed. However, since trading is a lifestyle rather than a profession, trading related topics might be discussed as well.

Bonuses for socializing on Forex forum India

This forex forum has been created by traders for traders and is not meant for making profit. Nevertheless, mt5 enables authors of posts to earn forex bonuses that can be employed in trading on an account of one of the forum sponsors. These money presents are symbols of gratitude to all professional forex traders for time they spend on our forum.

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Find out more about our global businesses, plus all the professions and services that support them:

Past performance is not indicative of future performance. Your results may vary and you need to consult a professional adviser to determine if trading is appropriate for you.

For Simulated and hypothetical trades:

CFTC Rule 4.41. Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under or over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight.

No representation is being made that any account will or is likely to achieve profits or losses similar to those reflected on the Website.

This is not a prospectus; nor offer on our part with respect to the sale or purchase of any securities is intended or implied, and nothing contained herein is to be construed as a recommendation to take a position in any market.

The material presented herein has been obtained or derived from sources believed to be accurate, but we do not guarantee its accuracy or completeness.

There have been no promises, guarantees or warranties suggesting that any trading will result in a profit or will not result in a loss. The TRADER is responsible for his own actions.

All TRADING involves risk, while there is a potential to make a substantial amount of money, you CAN LOSE a substantial amount of money as well, no matter what method you use.

All trading involves risk; past performance is not necessarily indicative of future results. U. S. Government Required Disclaimer - Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options.

No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

For full terms please visit df1-trading

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Disclaimer

Past performance is not indicative of future performance. Your results may vary and you need to consult a professional adviser to determine if trading is appropriate for you.

For Simulated and hypothetical trades:

CFTC Rule 4.41. Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under or over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight.

No representation is being made that any account will or is likely to achieve profits or losses similar to those reflected on the Website.

This is not a prospectus; nor offer on our part with respect to the sale or purchase of any securities is intended or implied, and nothing contained herein is to be construed as a recommendation to take a position in any market.

The material presented herein has been obtained or derived from sources believed to be accurate, but we do not guarantee its accuracy or completeness.

There have been no promises, guarantees or warranties suggesting that any trading will result in a profit or will not result in a loss. The TRADER is responsible for his own actions.

All TRADING involves risk, while there is a potential to make a substantial amount of money, you CAN LOSE a substantial amount of money as well, no matter what method you use.

All trading involves risk; past performance is not necessarily indicative of future results. U. S. Government Required Disclaimer - Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options.

No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

For full terms please visit df1-trading

Facebook Badge

Disclaimer

Past performance is not indicative of future performance. Your results may vary and you need to consult a professional adviser to determine if trading is appropriate for you.

For Simulated and hypothetical trades:

CFTC Rule 4.41. Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under or over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight.

No representation is being made that any account will or is likely to achieve profits or losses similar to those reflected on the Website.

This is not a prospectus; nor offer on our part with respect to the sale or purchase of any securities is intended or implied, and nothing contained herein is to be construed as a recommendation to take a position in any market.

The material presented herein has been obtained or derived from sources believed to be accurate, but we do not guarantee its accuracy or completeness.

There have been no promises, guarantees or warranties suggesting that any trading will result in a profit or will not result in a loss. The TRADER is responsible for his own actions.

All TRADING involves risk, while there is a potential to make a substantial amount of money, you CAN LOSE a substantial amount of money as well, no matter what method you use.

All trading involves risk; past performance is not necessarily indicative of future results. U. S. Government Required Disclaimer - Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options.

No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

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At its best, investing in penny stocks can be an exciting, lucrative endeavor. In most cases, a good strategy is to maximize the leverage of the invested capital by buying as many shares as possible. A move of only a few pennies when multiplied by a large position can equal a substantial gain in a relatively short period of time.

As investors become more sophisticated they turn to products such as options as a method for increasing the amount of leverage in a position. Given the lure of penny stocks and options it's natural for an investor to try and combine the two. Unfortunately, in the case of penny stocks, trading associated options is not possible. (To learn more about options, check out: Option Basics: An Introduction .)

Options on Small-Cap ETFs

While it may not be possible to trade options in specific penny stocks, it's still possible to use options to leverage the potential of the small-cap or micro-cap universe. One popular product for trading small-cap stocks is the iShares Russell 2000 ETF (IWM ). For those unfamiliar with this product, IWM seeks to track the investment results of an index composed of small-cap U. S. equities. Over the twelve months ending Sept. 23, 2014, the fund returned 17.62%. While it isn’t possible to trade options in many of the components, it's possible to trade options on the ETF itself. Small moves in the underlying ETF generally translate to significant movements in the options. One of the biggest benefits of trading options in small-cap ETFs rather than the stocks themselves is that it removes much of the company-specific risk. (For more, see: ETF Options vs. Index Options .)

Margin Accounts

Another method for increasing leverage to penny stocks is to set up a margin account. This type of investment account gives investors access to additional capital based on leveraging capital and securities existing within the account. Essentially this is the equivalent to borrowing money from your broker, using existing cash and securities as collateral, and then paying interest on the borrowed money for the right to use capital for buying and selling shares. While trading on margin provides investors with additional leverage, it can be extremely risky. Using money that you don’t have for the purpose of buying any kind of stock is frowned upon by many, and if not used correctly, can lead to financial ruin. A good rule is to tread lightly whenever using margin or leverage of any kind to buy financial assets. (For more, see: Introduction to Margin Accounts and What Happens if I Can't Pay a Margin Call? )

The Bottom Line

Buying penny stocks with cash can be a risky maneuver. That said, there are some traders out there that would like to increase their leverage to penny stocks even more by using products such as options. Unfortunately, in the majority of cases, options are not available for trading penny stocks. However, some risk-tolerant traders can turn to options on exchange-traded funds as a workaround. Some traders may even use the benefits of their margin accounts when trading penny stocks, but this should be considered a last resort and used with extreme caution. (For related reading, see: How to Pick Winning Penny Stocks and Study These Penny Stock Trading Trends .)

Weekly options are often some of the most actively traded options. But when do Weekly options make sense to trade? Join Peter Lusk, Senior Instructor at The Options Institute, as he discusses Weeklys and how some strategies using these short-term options could potentially fit into an overall trading plan.

Presenter:

20Lusk. png" /% Peter Lusk is a Senior Instructor for The Options Institute at CBOE, the educational arm of the Company.

Lusk, who joined CBOE in 2007, teaches a variety of options courses for public and institutional investors.

Lusk has presented to thousands of investors across the U. S. and has conducted hundreds of webinars for both The Options Institute and various CBOE member firms. He is a regular contributor of options education articles to financial publications, has appeared on CNBC, and can be seen on his CBOE TV show, Strategy of the Week.

In addition to his responsibilities at The Options Institute, Lusk serves as an Instructor for the Options Industry Council (OIC) – an educational organization representing the entire U. S. options industry. He also remains an active, professional options trader, which allows him to share his trading experiences with his classes.

Prior to joining The Options Institute, Lusk was a highly successful Market Maker on the floor of the CBOE, specializing in equity options trading. In 1993, he joined Steve Fossett’s group -- Lakota Trading in Chicago – where he served as a Market Maker on the floor of the CBOE and had the additional responsibility of educating and training the firm’s new Market Makers.

About The Options Institute at CBOE

Founded in 1985, The Options Institute at CBOE is the leader in options and volatility trading education, hosting hundreds of seminars each year attended by tens of thousands of investors worldwide. Enriching the learning process with innovative programs, both live and online, The Options Institute reaches a diverse universe of investors, with varying levels of options education and experience: retail customers, institutional investors, financial advisors, fund managers, brokers and regulators. The Institute also partners with trading and brokerage firms to conduct presentations for their staff and customers. Learn more at cboe/education .

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Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Prior to trading options, please read Characteristics and Risks of Standardized Options. and call 800-343-3548 to be approved for options trading. Supporting documentation for any claims, if applicable, will be furnished upon request.

Active Trader Pro Platforms SM is available to customers trading 36 times or more in a rolling 12-month period; customers who trade 120 times or more have access to Recognia anticipated events and Elliott Wave analysis.

Foreign exchange can be confusing, so to help break through the confusion, here are some common terms associated with currency:

Sell rate – This is the rate at which we sell foreign currency in exchange for local currency. For example, if you were heading to Europe, you would exchange British Pounds for Euros at the sell rate.

Buy rate – This is the rate at which we buy foreign currency back from you into your local currency. For example, if you were returning from America, we would exchange your US Dollars back into British Pounds at the buy rate of the day.

Holiday money rate or tourist rate – This is another term for a sell rate.

Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’.

Spread – This is the difference between the buy and sell rates offered by a foreign exchange provider such as us.

Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian Dollars into US Dollars.

Commission – This is a common fee that foreign exchange providers charge for exchanging one currency with another.

Frequently Asked Questions

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Why do currency exchange rates fluctuate?

Currencies constantly move up and down against each other as financial markets change. These movements can be caused by supply and demand, as well as by political and economic events.

Why are tourist money exchange rates not the same as the market spot rate?

The market (or spot) exchange rate, is the rate at which banks exchange currencies. There are a lot of processes and people involved in providing currency into your hands. There is a cost to doing this, which means that the value of the currency is affected to cover all of said cost.

At Travelex, we work to provide you with the best value on your foreign currency as possible. We are constantly striving to improve our systems and processes to make them more efficient, meaning that you get the best value for your travel money exchange rates from us.

Does it pay to shop around and compare currency rates?

There are a lot of foreign currency providers in the UK, offering you a range of products and services. With so much choice, it means that you can spend time to find the best exchange rate in the market. However, there is usually very little difference; it can be just a matter of pence.

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As many of my readers will know from my previous pieces, I like to focus the majority of my trading analysis on nothing more than price itself. To me and my fellow instructors at Online Trading Academy, all indicators are nothing more than a result of price movement. To solely rely on a technical indicator to give you a reason to enter a trade either long or short, would be unwise because a trader needs to understand how price moves in the first place before relying on anything else to make a decision to enter or exit the market. This is why at the Academy we teach our rule-based core strategy of recognizing institutional supply and demand on any market and on any given time frame. By recognizing the behavior of institutions, our students have an edge in the marketplace which allows them to buy low and sell high with a very low risk and incredible potential reward. If you know what a picture of supply and demand looks like on a price chart, everything else becomes secondary.

As you have seen in my previous articles I have explained the concept of our core strategy and how we look at supply and demand on a price chart in detail. We identify what a buy zone looks like and what a sell zone looks like and place our trades accordingly. By marking off our areas of entry in advance, we have the added advantage of knowing exactly how much we risk on the trade should it not work in our favor and also knowing how much we are shooting for as a profit target. By eliminating the emotions and the guesswork, we allow ourselves to follow a rule-based plan and control our risk management at all times with discipline. However, it should be recognized that part of trading is also finding your own character around your plan and not every single student is going to trade in exactly the same way. We recognize this in our curriculum that we teach at the academy and as well as including detailed instructions on how to follow and implement our core strategy. Later in our curriculum we explain how too effectively use some of the technical indicator tools that are available to us as well.

Typically when I show a new student our strategy that we use at the market, they think that we have something against technical indicators because our strategy relies on price and nothing more. Let me state this though: we really don’t have anything against indicators! Rather we like to encourage the student to first understand the simplicity of trading and how buying low and selling high requires nothing more than recognizing and understanding what you’re looking for on a price chart. For some students the information on the price chart is more than enough. For others, they look to increase their edge a little bit further and that’s where technical indicators can become a very useful tool if used in the correct manner and with a solid set of rules in place. For today, I would like to talk about the Commodity Channel Index also known as the CCI.

The CCI is an oscillator and a versatile one at that. It was originally introduced to traders by Donald Lambert in an article published in 1980. Since its introduction, it has found favor with traders of multiple asset classes not solely commodities in which it was originally used. Its basic principles lie in a simple calculation, which is the difference between the typical price of the security and its simple moving average, divided by the mean absolute deviation of the typical price. Effectively it measures conditions of both overbought and oversold and also measures the strength and weakness of the current market trends. Amongst the majority of market speculators, measuring overbought and oversold is the most common use of the CCI, however I think a very simple trick is to use it as a means of looking at price divergences. Used in conjunction with a good solid understanding of supply and demand zones, CCI divergences can be a neat little tool to getting a heads up of when prices are likely to carry on or reverse. Let’s look at an example:

In the above example I have taken a four hour chart of the Australian dollar versus the US dollar and highlighted an area of Supply and an area of Demand which match the Online Trading Academy odds enhancers scores. For the majority of our students, recognising the turning points in advance and scoring the levels accordingly, is more than enough analysis required to place a trade, stoploss and target with confidence. However, with a little objective analysis, applying the CCI indicator can also give some subtle clues as to when a level is likely to hold or not. Our strategy does not work every single time. No strategy in trading works every single time but this does not mean that you can’t create an extra edge when picking out a reason to enter the marketplace. Let’s apply the CCI indicator to the same price chart and take a look at what extra information it gives us:

In this example I have marked off some specific areas to address. Firstly notice where prices fell from point A on the chart. Directly underneath this point where the CCI is applied, you can see a downward slope at the adjacent point A. The indicator itself is making lower lows and lower highs. Imagine the CCI is like a gauge of momentum. On the second test of the pivot high at point A, we can see that the CCI put in a lower low at this point with a lower force, thus suggesting an end of the upward trend and a new downward trend potential. Likewise at the pivot low of point B, we can see that the CCI was beginning to slope upwards making higher highs and higher lows, suggesting a weakening downward pressure and strengthening upward pressure. I tend to visualise the action of the indicator like a throttle with more pressure being applied in a strong trend and less pressure being applied as the trend is weakening. Think of it like more gas equals more momentum.

We can also see a use of the CCI when we already have a supply or demand zone marked off in advance. The same two levels which I showed you in the first example now have the indicator attached to them. We already knew what we wanted to do at the levels for example, selling at Supply and buying at Demand, however the CCI offers us an extra level of certainty in the trade. Notice how when price is at Supply on the second retest of the zone, the CCI forms lower lows and on the second retest of the lower Demand zone the indicator produces higher highs? This is what we call diversions between indicator and price, which always suggests a potential reversal in trend and the slowdown of momentum.

Of course we would never use divergences solely as a reason to buy or sell in the market and would always back up our trading decisions with a solid reason to enter in the first place, for example core strategy. The CCI oscillator is there as an extra tool which offers us confluence in a simple manner, so as to help us analyse objectively and give us a secondary reason to take the trade. Please remember that whenever you’re going to use a technical indicator of any kind, you always need to focus on price first and foremost. Sticking to this rule is always going to help you have a healthy and more successful trading strategy. I hope you enjoyed this piece.

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Fortunately, it doesn’t always take a lot of money to make money in forex trading. Most brokers outside of the United States will allow you to open real accounts with about $100. But there are some who have even lower account minimums. You can try your hand at trading real money without putting substantial assets at risk.

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The foreign exchange market - or forex for short - is the buying and selling of currencies, and it's one of the fastest growing markets in the world. Forex trading works much like it does with stock trading; you buy low and sell high. You can trade forex conveniently online 24 hours a day, 5 days a week. Plus, you can buy and sell at any time, in bull markets and in bear markets. Learn More

FXCM Inc. a publicly traded company listed on the New York Stock Exchange (NYSE: FXCM), is a holding company and its sole asset is a controlling equity interest in FXCM Holdings, LLC. Forex Capital Markets Limited ("FXCM LTD") is an indirect operating subsidiary of FXCM Holdings, LLC. All references on this site to "FXCM" refer to FXCM Inc. and its consolidated subsidiaries, including FXCM Holdings, LLC and Forex Capital Markets Limited.

Forex Capital Markets Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority. Registration number 217689.

Tax Treatment: The UK tax treatment of your financial betting activities depends on your individual circumstances and may be subject to change in the future, or may differ in other jurisdictions.

Introduction to Forex Trading

What is Forex Trading?

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invest11/wp-content/uploads/2012/08/forex. jpeg" /% It is important to understand the basis of trading currencies as a way of knowing how the forex market works.

Beginners Guide to Trading Forex:

Understanding the Ins and Outs of Forex Trading

Forex trading simply means the business of trying to make money from the differential in the exchange rates of one currency against another. Forex trading came about as a result of the process of floating exchange rates, which allow a currency’s value to be determined by the forces of supply and demand. But was this always the situation? Let’s delve a bit deeper into the history of the forex market.

Towards the end of the 19 th century, paper notes began to replace older forms of currency that were in use at the time. By the time the Second World War was in progress, almost every country in the world had its own currency. Colonized territories assumed the currencies of their colonial masters. This war was principally fought by the Germans, Japanese and Italians on one hand, and the British-led Allied Forces on the other. America joined the parley after the Pearl Harbour bombing and so was relatively spared by the bruising economic effects of this war. By 1944, the economies of the principal actors in this war were on life support. To chart a course for the post-war era, an economic conference was convened in Bretton-Woods, USA in 1944. One of the outcomes of that meeting was that all global transactions and currencies were pegged to the currency of the relatively unaffected US economy, and in turn the US Dollar was pegged to a gold standard of $35 an ounce. Over the next 27 years, the value of this standard kept depreciating as the US grappled with the economic effects of the Vietnam war, leading the Nixon-led US government to abandon the gold standard. Other countries also unbundled their US Dollar peg and the era of global currency floatation was born.

It is the fact that most world currencies are now allowed to float and have their values determined on a minute-by-minute basis by market forces that has led to the concept of forex trading.

From 1971 to 1996, the trading of currencies was the exclusive preserve of institutional traders, made up of banks and high net-worth individuals who pooled money together into massive hedge funds. There was no place for individual traders because most could not afford the large capital outlay required to profit from minute price movements in the currency market. However, as the concept of margin and leveraging were developed and cheaper access to borrowed funds was made available, the forex market was deregulated in 1997 to allow for individual participation in the market. Since that landmark year, the daily turnover of the forex market has increased substantially to stand at about 4 trillion US dollars. This is a truly phenomenal amount of money floating around and if you have what it takes, you can grab your share by participating in the market.

Requirements for Forex Trading

To be able to participate in the forex market, a trader needs access to this huge virtual exchange. This he can do by obtaining a forex trading account with a broker licensed to provide this service, identification document such as an international passport, drivers’ license and a utility bill or bank/credit card statement as proof of address. These documents are required for account activation.

Once the account has been activated, the trader can then use an acceptable means of transferring funds to his trading account domiciled with his broker in order to start trading. This can be done via a bank transfer, credit/debit card or any of the e-wallet services like Paypal, Moneybookers and Neteller. It is this money that will serve as the initial capital for buying and selling currencies for money.

Trading Process

This is the difficult part, as a trader needs to have the training required to know how to participate in the market and make accurate trading decisions. Traders may decide to attend courses, webinars and lectures or may decide to buy or subscribe to reading material for this purpose. Forex trading is not all about theory but is a very practical event, so brokers provide demo trading access for traders who want to practice forex trading and get a feel of what it feels like to trade currencies for money.

Now it is not all so easy and straightforward as it seems to be. There are many pitfalls that a trader must overcome. The number of scam brokers far outweighs the genuine ones, and there are many con artists who capitalize on the naivety of newbie traders to sell junk forex products to them. These junk products include defective expert advisors and trading systems that do not work.

This section presents free daily trading signals on major currency pairs. Trading signals are based practically on the same market analysis principles as daily technical analysis reviews provided by the Company.

Difference between trading signals and technical analysis

The main difference is that technical analysis suggests explanation of the current market situation, while trading signals only rouse to action with no comments.

Thus, trading signals are designed for those persons who do not have time nor the desire to make themselves familiar with an analytical review and with the analyst`s point of view as well as for those who lack sufficient knowledge required to understand correctly technical analysis and to draw the right conclusion from it.

Disclaimer

The given trading signals are provided as a trading tool for informational purposes only. Under no circumstances the given trading signals should be treated as financial advice. Use or misuse of the information on this page specifically exempts FOREX LTD, its affiliates, subsidiaries, agents or shareholders from any liability whatsoever.

Guidance on trading signals

Open a position at the price indicated in «Entry» section in «Strategy» direction with the help of market or pending orders, depending on the current price.

In case when Target 1, Target 2 and Target 3 levels are attained, partial or complete closing of the total position or gradual moving of a Stop Loss to the break-even zone should be made. For instance, when Target 1 is attained, a Stop Loss level should be placed at opening price level and when the price reaches Target 2 a Stop Loss should be moved to Target 1 level.

In the event, when market conditions dramatically change, as it may happen after release of some crucial economic reports, a breakout of the price level indicated in «Stop» section may occur. In this case closing of all unprofitable positions may be accompanied by reopening of positions in the opposite direction with the target levels of «Resistance» and «Support».

Pointers have the following meaning: and - trend direction; - flat/sideway; and - correction.